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Self-Study Courses

Accountants and Malpractice: Can We Get Sued for This? (Currently Unavailable)

2 CPE Credits $31.00/credit hour
5.0 (27 ratings)
This course will review situations in which a CPA or accounting professional may have be in danger of being sued. We will cover common law causes of action, such as negligence, and the relevant standards and case law defining what constitutes reasonable practitioner behavior.

Publication Date: November 2021

Designed For
CPAs, EAs, tax preparers, lawyers, accountants and insurance personnel.

Topics Covered

  • Situations in which a CPA or accounting professional may have be in danger of being sued
  • Common Law Duties
  • Negligence-based Torts
  • Intentional Torts
  • Contract Claims
  • Statute of Limitations
  • Damages
  • Summary of General CPA Practice Standards
  • Additional Tax Practice Standards under Treasury Circular 230
  • AICPA Statement on Standards for Tax Services ("SSTS")

Learning Objectives

  • Describe the elements of negligence, the common law cause of action
  • Recognize and explain what constitutes reasonable practitioner behavior with reference to practice standards and common law
  • Identify how to avoid common pitfalls that could lead to the practitioner being sued
  • Recognize basic requirements of negligence
  • Identify the number of elements that must be met before causation criteria is met with respect to proximate cause
  • Recognize examples of a discreditable act

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Regulatory Ethics (2 hours)

Program Prerequisites
None

Advance Preparation
None

Instructor

Allison McLeod

Professor McLeod, LL.M., JD, CPA, is currently a full-time Senior Lecturer at the University of North Texas, where she has taught classes in Corporate Income Taxes, Multi-jurisdictional Taxes, Individual Taxes, Tax Research, Ethics and Financial Accounting. She has taught as an adjunct professor at the University of North Texas College of Law.

Prior to Professor McLeod going into academia, she worked for 18 years in industry and in a Big Four accounting firm. Professor McLeod earned a law degree from Baylor School of Law, and an LL.M. degree in Taxation from Southern Methodist School of Law. She has been a licensed CPA since 1993 and has been licensed to practice law since 1992. Professor McLeod has enjoyed teaching live ethics course to CPAs since 2011 and is the owner of  www.cpaethicsonline.com, which offers on-line self-study courses to CPAs. She currently serves on the Professional Ethics Committee of the Texas Society of CPAs.which offers on-line self-study courses to CPAs. She served on the Professional Ethics Committee of the Texas Society of CPAs and the AICPA CPA Exam Committee (REG).
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